Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The High Court addressed the rejection of a blanket unconditional stay on tax and interest demands by the Tribunal. The Tribunal granted a conditional stay, requiring the petitioner to pay Rs. 230 crores, provide a corporate guarantee exceeding Rs. 900 crores, and cooperate in appeal disposal. The Court held that the recovery was not protective and upheld the Tribunal's order, noting prior years' compliance. The Court modified the corporate guarantee condition to the ultimate parent company, Vodafone International Holdings BV. The Court affirmed the Tribunal's order, except for the modified condition.
The High Court addressed the rejection of a blanket unconditional stay on tax and interest demands by the Tribunal. The Tribunal granted a conditional stay, requiring the petitioner to pay Rs. 230 crores, provide a corporate guarantee exceeding Rs. 900 crores, and cooperate in appeal disposal. The Court held that the recovery was not protective and upheld the Tribunal's order, noting prior years' compliance. The Court modified the corporate guarantee condition to the ultimate parent company, Vodafone International Holdings BV. The Court affirmed the Tribunal's order, except for the modified condition.
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